Latest Economic Development News

Maggie Beer Holdings has raised $3 million through a placement to Frisden Pty Ltd, linked to Maurice Crotti AO, and plans a $2 million rights issue to shareholders at the same discounted price.

Viking Mines has identified a significant gold-bearing zone at its Riverina East Project, recovering 120 gold nuggets and discovering a new east-west structural trend that could unlock high-grade mineralisation.

West Wits Mining Limited has presented a robust update on its flagship Qala Shallows gold project, showcasing a strong Definitive Feasibility Study and secured senior debt funding, targeting first gold production in early 2026.

Nova Minerals’ U.S. subsidiary has won a $43.4 million award from the U.S. Department of War to accelerate production of military-grade antimony trisulfide at its Alaska Estelle Project, aiming to strengthen domestic critical mineral supply.

Janus Electric has inked a $5 million share placement and exclusive distribution deal with EVUNI, setting the stage for its heavy transport electrification technology to enter the sub-Saharan region.

Caravel Minerals has released its first comprehensive Sustainability Report for fiscal 2025, detailing ambitious ESG initiatives and a clear roadmap toward net-zero emissions for its Caravel Copper Project in Western Australia.

GenusPlus Group has been awarded a $50 million contract by Alinta Energy to complete the 100MW/200MWh Wagerup Battery Energy Storage System in Western Australia, reinforcing its growing presence in the battery storage sector.

Invictus Energy's Cabora Bassa Project in Zimbabwe has been officially granted National Project Status, alongside finalising key terms of its Petroleum Production Sharing Agreement, marking a significant step towards commercial gas production.

Altech Batteries has secured preliminary approval for a €46.7 million German government grant to support its innovative CERENERGY solid-state battery project, marking a significant step in its push to commercialize lithium-free energy storage technology.

Canyon Resources’ Definitive Feasibility Study confirms Minim Martap as a major bauxite project with a 33% ore reserve increase and robust economics, targeting production start in early 2026.

Uscom Limited reported a 25% decline in revenue to $3.16 million and a 59% increase in net loss to $3.3 million for FY25, reflecting significant global headwinds. Despite setbacks, the company advanced new product approvals and secured funding to navigate ongoing challenges.

Waterco Limited reported a modest 4% revenue increase for FY25 but saw net profit fall sharply by 31%, weighed down by restructuring and foreign exchange losses. The company maintains its dividend and eyes growth through innovation and regional expansion.